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This chapter briefly reviews the present state of judgment aggregation theory and tentatively suggests a future direction for that theory. In the review, we start by emphasizing the difference between the doctrinal paradox and the discursive dilemma, two idealized examples which classically...
Persistent link: https://www.econbiz.de/10012120711
Electoral legislation varies across countries and within countries over time, and across different types of elections in terms of how it allows publication of intermediate election results including turnout and candidates' vote shares during an election day. Using a pivotal costly voting model...
Persistent link: https://www.econbiz.de/10012221414
This paper questions the conventional wisdom that publication bias must result from the biased preferences of researchers. When readers only compare the number of positive and negative results of papers to make their decisions, even unbiased researchers will omit noisy null results and inflate...
Persistent link: https://www.econbiz.de/10012126742
This paper studies how directors' reputational concerns affect board structure, corporate governance, and firm value. In our setting, directors affect their firms' governance, and governance, in turn, affects firms' demand for new directors. Whether the labor market rewards a...
Persistent link: https://www.econbiz.de/10012857244
We consider common-value voting when a variable that is independent of the payoff-relevant state determines the meaning and precision of voters' private signals about the payoff-relevant state. Multiple senders sharing the same objective as the voters receive noisy signals that are contingent on...
Persistent link: https://www.econbiz.de/10012841494
This paper questions the conventional wisdom that publication bias must result from the biased preferences of researchers. When readers only compare the number of positive and negative results of papers to make their decisions, even unbiased researchers will omit noisy null results and inflate...
Persistent link: https://www.econbiz.de/10012889680
We study committees that acquire information, deliberate and vote. A member cares about state-dependent decision payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such inconclusive environments, in equilibrium, a member's...
Persistent link: https://www.econbiz.de/10012898263
When do groups and societies choose to be uninformed? We study a committee that needs to vote on a reform which will give every member a private state- dependent payoff. The committee can vote to learn the state at no cost. We show that the committee decides not to learn the state when...
Persistent link: https://www.econbiz.de/10012934616
We study committees that acquire information, deliberate and vote. A member cares about state-dependent decision payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such inconclusive environments, in equilibrium, a member's...
Persistent link: https://www.econbiz.de/10011895815
Time constraints, managerial power, and reputational concerns can impede board communication. This paper develops a model where board decisions depend on directors' effort in communicating their information to others. I show that directors communicate more effectively when pressure for...
Persistent link: https://www.econbiz.de/10009506636